Big John Peterson Calgary RE/MAX Realty Professionals

Big John Peterson

At Big John Peterson's Home Marketing Team Our goal is to develop and implement the most effective custom marketing strategy that will sell your home for the most amount of money, with the least amount of challenges within your desired time frame. Once we find the right buyer for your home, we use our superior negotiating strategies to negotiate the best possible price and terms for you. By having experience, education, and knowledge specifically targeted to helping home buyers, we attract and are able to convert more home lookers into home buyers for your home.

Our goal is to find you the right home, at the right price, with the least amount of challenges within your desire time frame. With over 70 years of collective sales and marketing experience, we have the proven track record and expert knowledge to answer your questions, handle all of the details of your transaction and to be sure this real estate experience is the best one yet!

NEWS

Now is a Great Time To Buy! Over the last couple of months, we have seen stability in the Calgary and Area Market. The absorption rates, sales to new listing ratios, and total sales are stabilizing. Versus a year ago, we are seeing a little more inventory starting to come to market – likely because of marginally better market conditions. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 4 months of supply.

June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability. The single family detached market is doing quite well in the starter and first move up market segments. The apartment sector is still showing signs of over supply with new projects continuing to come to completion. With this in mind, let’s look at some of the important real estate numbers from June 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 3.11 months of supply. Single Family Detached –

April Real Estate Market Shows Signs of Life! As we start to see some economic stability and people have confidence in their personal job situation, buyers are starting to come back into the market. If you are looking to sell your home, now is a great time to enter the market with new buyers looking every day. Buyers, don’t sit on the sidelines and wait. Properties are selling. If you wait, you risk paying more over the next few months – wishing you had bought today versus waiting. With this in mind, let’s look at some of the important real estate numbers from April 2017: Absorption Rate: (0-2 months of supply

February 2017 – A Stabilizing Market All the sales metrics for February 2017 are showing significant improvement versus a year ago, and this now represents 3 months of positive news for our real estate market. A welcome change in direction from the previous 2 year softening of our market. What do these numbers really mean? Better is a relative term. In this case, it really means we are working towards a stable market. Overall, sales are still 19% below the 10-year average. We may have turned a corner and started to move in the right direction. With this in mind, let’s look at some of the important real estate numbers from

January 2017 – What a Difference a Year Makes! The numbers for January 2017 are substantially better than 2016. The entire outlook for the Calgary and Alberta economy is very different as well. Last year, people were talking about $25 per barrel oil, massive layoffs, and no real sign of optimism was present. Now we are seeing oil just over $50 per barrel, the layoffs have been made and the labor market is stabilizing with some firms starting to hire people again. There may not be overwhelming optimism in Alberta, but it is sure a lot more positive than it was a year ago! With this in mind, let’s look at

The Calgary and Area Real Estate Outlook for 2017 2017 looks like the year of stability for the Calgary and Area real estate market. The economic indicators for Alberta along with the real estate numbers show we are “bouncing along the bottom” and 2017 should bring us some stability to the numbers. The Calgary Real Estate Board has just come out with projections for 2017. The projections are for the number of sales to slightly increase by about 3% with prices being flat through the year. The exception to this is the apartment condo market. There is still some significant inventory coming to market, when combined with a projected 2-3% decrease

November Returns to 2016 Pattern After a full month of the new mortgage rules taking effect, the Calgary and Area real estate market returns to the 2016 trends. Here are some of the important November numbers to consider: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 4 months of supply. This is marginally better than last year’s 4.22 months of supply in the market. Single Family Detached – There is 2.89 months of supply and represents about half of a month LESS inventory than 2015. Attached Homes – There

September Brings Stabilization To Some Market Segments The September numbers show some stability in the single family detached market segment, while the apartment market continues to show sluggish sales and high total inventory numbers. This is the first month in 22 months we have seen stabilization in any market segment. Is this signaling some much anticipated market stabilization in the overall Calgary and Area real estate market? Here are some of the important September numbers to consider: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 3.95 months of supply.

August Numbers Show Two Very Different Markets The detached home market versus the attached and apartment market gave us two different pictures in August. The detached home segment remained fairly stable with the apartment and attached home segment experiencing continued downward pressure. Here are some of the important August numbers to consider: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary: There is 3.61 months of supply. This number is still just inside the tolerance for balanced market conditions. Single Family Detached: There is 2.78 months of supply. This ratio is

Demand Down in July…. but so is Supply. Result, a continued sluggish market. The economy in Calgary and Alberta continues to suffer, the employment numbers continue to deteriorate. With few jobs available and higher unemployment, combined with general uncertainty in our economy, there is a direct relationship to the real estate market. If people don’t have income or are concerned about their future job prospects, they don’t buy homes. As a result, there continues to be downward pressure on prices and weak demand. The good news is there is a decrease in new listings coming to the market. Much of this may be due to the fact many sellers do not

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Use of MLS® is to denote homes for sale advertised on this multi-channel real estate for sale advertising network by licensed members in Alberta.

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